In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. banks will slash over 200,000 jobs. Veteran Wall Street Analyst Mike Mayo noted that...
With new venture capital from Mastercard, Comcast, Samsung and other investors, New York-based tech startup HYPR has notched $18.3 million in funding. The company sells authentication software to Mastercard, T-Mobile, Rakuten and Aetna, and the round was led by the venture capital arm of Comcast, Fortune reported. ...
Accounts receivable automation firm Billtrust announced that it is expanding its presence in Chicago as it experiences rapid growth, including more than $30 billion in ACH and card payments processed so far this year. Get the Full Story Complete the form to unlock this article...
From barter, to cash, to eCommerce, and now, to contactless payments – even those enabled by voice command. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Today in the payments news roundup, challenger banks in the U.K. are having a difficult time competing with the country’s big four financial institutions. Also, Amazon wants to take its cashier-free Go technology to other places such as movie theaters and airport stores. PayPal has bought a majority stake...
Home rental marketplace Airbnb is reportedly considering a direct listing instead of an initial public offering (IPO), according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Amsterdam FinTech startup bunq is expanding into 22 additional countries after successful launches in Austria, Germany, Italy, Spain, France, Ireland and Belgium, TechCrunch reported on Tuesday (Oct. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
After starting out the week with a bang and announcing a big new partnership with Visa, Revolut today (Oct. 1) reported that in 2018, its losses doubled as a consequence of its aggressive push for global reach. The firm officially recorded a net loss of £32.8 million...
Payments company Discover has entered a new partnership with source-to-pay solution provider JAGGAER to power B2B payments on the JAGGAER ONE procurement platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...